On Wednesday, December 14, Lamb Weston Holdings, Inc. (NYSE: LW) reportedly disclosed information regarding its quarterly dividend in an announcement, as reported by RTT News. Those shareholders of the specialized retailer who were on record as of the previous Friday, February 3, will be eligible to receive a $0.28 dividend payment per share. This results in a dividend yield of 1.29% and a dividend payment of $1.12 per year due to what has just been stated. e the best in the world, as in the world of the world.
The dividend paid out by Lamb Weston has seen an increase for the past two years in a row, and over the past three years, it has seen an increase that is, on average, 7.1% higher than the previous year’s dividend at an annualized rate. The payout ratio for the dividend Lamb Weston pays out is 32.7%, which means that the company’s earnings completely cover it. The following year, market watchers anticipate that Lamb Weston will generate earnings of $3.89 per share while operating its business. This would result in a payout ratio of 25.2%, which would enable the company to cover its annual dividend payment of $0.98 and give the company a positive cash flow.
The price of one share of LW increased by $0.94 during the trading session on Wednesday, bringing it to $87.08 per share. In total, 1,550,072 shares of the company’s stock were traded, which is significantly higher than the stock’s typical trading volume of 1,418,470 shares. A debt-to-equity ratio comes in at 5.29, a quick ratio comes in at 1.27, a current ratio comes in at 2.09, and a quick ratio comes in at 1.27. There is a possibility that the cost of a bottle of Lamb Weston will range anywhere from $49.71 and $88.63 over a single year. In addition to these figures, the company’s market capitalization is $12.52 billion, its price-to-earnings ratio is 31.10, its price-to-earnings-growth ratio is 1.05, and its beta value is 0.53. The stock has traded at an average moving price of $84.63 over the past 50 trading days, while its moving average price over the past 200 trading days has been $78.69.
Wednesday, October 5, was the day that the most recent quarterly earnings report for Lamb Weston (NYSE: LW) was released to the public. Earnings per share for the quarter were $0.75 for the specialty retailer, which was $0.23 more than the consensus estimate provided by analysts in the industry. Despite predictions made by analysts that the company would bring in $1.14 billion in revenue during the quarter, the company was only successful in bringing in $1.13 billion in revenue. The company achieved a return on equity of 93.98% and a net margin of 9.50%. Compared to the same period the previous year, the revenue for the quarter saw a 14.3% increase in growth. The company generated $0.20 per share during the same period the year before. According to the projections made by research professionals, Lamb Weston’s earnings for this year are anticipated to be $3.03 per share.
Several brokerages have issued statements regarding LW in recent months, and these statements have been made available to the public. The Street moved its previous rating of “c+” for Lamb Weston up to a “b” rating in a research note published on Wednesday, October 5. Goldman Sachs Group increased their price objective on Lamb Weston from $72.00 to $80.00 and rated the company “neutral” in a research note published on Wednesday, October 12. The note was about the business. In a research note about Lamb Weston that was published on Thursday, October 6, Bank of America raised the price objective for the company from $90.00 to $95.00 and assigned a “buy” rating to the company’s stock. The note was released on the topic of Lamb Weston. Stifel Nicolaus upgraded their “buy” rating on Lamb Weston and raised their price target for the stock from $82.00 to $90.00 in a research note about the company that was released on Thursday, October 6. The note focused on Lamb Weston and was released.
Last, StockNews.com shifted its previous recommendation for Lamb Weston, which had been “buy,” to “hold” in a research note published on December 8. Four market watchers have given the stock a recommendation to buy, whereas only two analysts have given the stock a rating of “hold.” According to the data made available by Bloomberg, the company is presently regarded as having an overall consensus recommendation of “Moderate Buy,” and the typical price target analysts have set for the company’s stock is $88.20.
In related news, Senior Vice President of Operations Sharon L. Miller sold 4,678 company stock on Thursday, October 13. This was announced in another piece of news. The stock was sold for a total value of $397,630.00, corresponding to an average price of $85.00 per share received. Following the completion of the acquisition, the senior vice president now has 59,678 shares of the corporation’s stock in his possession. These shares have a combined value of $5,072,630. Should you follow this link, you will be taken to the SEC filing in which the transaction was discussed in greater detail. 0.8 company insiders own a percent of the total shares currently outstanding.
Recently, several hedge funds have either increased the amount of LW they are currently holding in their portfolios or decreased the amount they were holding before. Raymond James & Associates increased the amount of Lamb Weston stock they owned by 60.0% over the first three months of 2018. Raymond James & Associates now directly owns 31,305 shares of the specialty retailer’s stock, collectively worth $1,875,000. This is a direct result of the most recent quarter’s activity, during which the company purchased 11,741 additional.
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